SOLD
Jeffrey Reiss Acquires Retail Property In Patchogue For $1.125M
472 Medford Avenue
Retail
2,936 SF
2,936 SF
Sold 297 days ago
Summary
Sale
NEW YORK
Retail
2,936 sqft
The freestanding retail property located at 472 Medford Avenue in Patchogue has been sold for $1,125,000. The vacant bank branch spans 2,936 square feet and is situated on a 37,000 square foot lot with 35 parking spaces. The property, zoned J2, offers potential for various uses. It is conveniently located across the street from the Brown's auto dealership and benefits from its proximity to downtown Patchogue's thriving Main Street.
Summary of transaction details
- Property Type: Retail
- Sale Price: $1,125,000
- Square Footage: 2,936 SF
- Price per Square Foot: $383
- Address: 472 Medford Avenue, Patchogue
- Market: Patchogue
Cushman & Wakefield's Long Island Investment Sales Team, led by Dan Abbondandolo, successfully represented JPMorgan Chase in the sale of the property. The transaction was facilitated by brokers Joegy Raju, Rob Cullen, Joe Musso, and Victor Little. For more information about this transaction, please reach out to Daniel Abbondandolo, Executive Director of Capital Markets at Cushman & Wakefield, at 516-375-6336 or [email protected].
Players
All
6
Agents
5
Agencies
1
Details
SOLD
IMAGE: Daniel Abbondandolo & Victor Little
DATE: 07/13/2023
ADDRESS: 472 Medford Avenue
MARKET: Patchogue
ASSET TYPE: Retail
BUYER: Jeffrey Reiss
SELLER: JPMorgan Chase
BROKERS: Daniel Abbondandolo (@TeamAbbondandolo), Joegy Raju (@JoegyRaju), Rob Cullen, Joe Musso (@JoeMusso) & Victor Little (@Victor.R.Little) - Cushman & Wakefield
SALE PRICE: $1,125,000
SF: 2,936 ~ PPSF: $383
NOTE FROM BROKER: Cushman & Wakefield’s Long Island Investment Sales Team, led by Dan Abbondandolo, successfully represented JPMorgan Chase in the disposition of 472 Medford Avenue (NY 112) in Patchogue. The freestanding asset traded hands for $1,125,000, or $383 / SF. Zoned J2, the 2,936 SF vacant bank branch is situated on a 37,000 SF lot featuring 35 parking spaces. Additionally, the property is located directly across the street from the expansive Brown’s auto dealership and benefits from its proximity to downtown Patchogue’s thriving Main Street.
For more information on this transaction, please reach out to the exclusive brokers directly.
Daniel Abbondandolo | Executive Director – Capital Markets
P: 516-375-6336 | E: [email protected]View on map
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Address472 Medford Avenue
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